IRREVOCABLE LETTER OF CREDIT - ILOC
Correspondence given by a bank guaranteeing payment for products and services acquired by the individual requesting the letter. Also called irrevocable credit, it cannot be cancelled or changed without permission by the affected parties involved. ILOCs take effect only for a defined time period and expire at a pre-determined point.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
